What are the Popular Payment Methods in WooCommerce

WooCommerce is a useful plugin for making e-commerce stores on WordPress websites. It’s a plugin that changed how people and businesses sell things online. Imagine it as a magic add-on for your website, turning it into a complete online store that’s easy to use and can be customized just the way you want.

Making it easy for businesses to handle buying and selling stuff on the internet. It has built-in ways for customers to pay, called Payment Methods. These options are like the basic tools that help online stores smoothly and safely deal with payments, making it simple for both the people selling things and those buying them.

In this article, we’re going to focus on:

  • Payment Methods in WooCommerce
  • Offline Payment Methods in WooCommerce
  • Online Payment Methods in WooCommerce
  • Payment Issues & their troubleshooting

What is WooCommerce Payment

WooCommerce Payment simplifies the way your online store handles transactions. It’s like the cash register for your virtual shop, ensuring that when customers buy something, the payment process is secure, smooth, and suits their preferences. This feature is a crucial part of the WooCommerce plugin for WordPress, turning your website into a fully functional online store.

With WooCommerce Payment, you can offer a variety of ways for your customers to pay, such as using credit cards, bank transfers, or even paying in cash upon delivery. It’s all about making the shopping experience convenient and trustworthy.

It ensures your customers can buy from your store with confidence, knowing their payments are handled securely and efficiently. So, when you set up your WooCommerce store, diving into the world of WooCommerce Payment methods is a key step to making sure your customers enjoy a seamless and reliable shopping journey.

Importance of Payment Methods in WooCommerce

Now, let’s discuss the importance of payment methods in WooCommerce. To provide a better experience to your users, let’s check the importance here. You can increase your sales as well.

  • Customer Convenience: Offering a variety of payment methods caters to the diverse preferences of your customers. Some may prefer traditional methods like bank transfers, while others might be more comfortable with modern options like credit cards or digital wallets. Providing multiple choices ensures that customers can pay in a way that suits them best, enhancing their overall shopping experience.
  • Global Reach: Different regions have varying payment preferences. By supporting a range of payment methods, you open your online store to a global audience. Customers from different countries or with different banking systems can make purchases without feeling restricted by limited payment options, thereby expanding your potential customer base.
  • Trust & Credibility: Trust is incredibly important when selling things online. If your online store accepts well-known and trusted payment methods like credit cards or PayPal, it makes your store more reliable. Customers feel safer buying from a site that uses these familiar payment options, which increases the chances of them actually going through with their purchases on your website.
  • Security and Compliance: Using different payment methods means they each have their own ways of keeping things safe and following the rules. When you connect reliable payment options, it makes sure that when people buy things on your site, their personal info stays safe, and your online store is guarded against bad actions like fraud. It’s like having a strong lock on your digital store’s door to keep everything secure.
  • Reduced Abandoned Carts: Complicated or limited payment options can lead to abandoned shopping carts. If customers don’t find a payment method they trust or are familiar with, they might hesitate to complete their purchase. Having a variety of payment methods reduces the chances of abandoned carts, helping to convert potential customers into actual buyers.

Let’s discuss WooCommerce’s payment methods! Imagine you’re setting up your online store, and you want to make it super easy for customers to buy from you. That’s where these payment methods come in. They’re like the built-in options that make it a breeze for your customers to pay for their goodies.

By default, WooCommerce gives you ways to get paid. And the cool part is, if you don’t like one, you can turn it off. But here’s the thing: while these methods are good to start with, if you’re running a big store, you might need more options.

To understand better, we classified it into two categories.

  • Offline Payment Method
  • Online Payment Method

So, what are these methods? These are the basic methods your online shop comes with, and we’ll take a closer look at each one.

Offline Payment Methods

WooCommerce provides three types of Offline payment methods. There’s one that lets people transfer money directly, another where they can pay with a check and a way for them to pay cash when they get their stuff.

  • Direct Bank Transfer
  • Check Payment
  • Cash On Delivery
WooCommerce: Offline Payment Methods
WooCommerce: Offline Payment Methods

Direct Bank Transfer

Direct Bank Transfer might not be the easiest choice for customers. When someone picks this option, they transfer money straight from their bank to the store’s account. After the transfer is confirmed, the purchased items get shipped.

But there’s an issue. Because of this process, there might be delays in shipping. That’s because the store wants to make sure they don’t sell the same thing twice, so they block the items after someone buys them.

Now, here’s the thing. Customers have to put in more effort with this method, and they take a bigger risk. Why? Because they’re paying upfront before getting their hands on what they bought. It’s a bit like paying for something before it arrives at your doorstep. So, while it’s safe for the store, it might not be the most convenient for customers.

To set up the Direct Bank Transfer, navigate to WooCommerce ➝ Settings ➝ Payments. Look for Direct Bank Transfer and click on the Save Changes button. It’s like telling your customers where to send the money.

WooCommerce: Direct Bank Transfer Payment Methods Settings
WooCommerce: Direct Bank Transfer Payment Methods Settings
Pros & Cons of Direct Bank Transfer

Let’s talk about the pros and cons of using Direct Bank Transfer for payment. Once you understand these, you can decide if it’s right for your online store. Give it a try and make your website super easy for users!

Pros of Direct Bank Transfer Payment
  • No Third Party Fees: When you receive payments directly from your bank, you avoid extra fees for using the other platforms. Some platforms charge fees for using their services, but with Direct Bank Transfer, there are no additional costs because the money goes straight from one bank to another. It’s like keeping more of your money without any extra charges!
  • Suitable for Large Transactions: This method works best when you’re buying something expensive because it’s really good for handling larger amounts of money. It’s like choosing the best way to pay when you’re getting something super valuable. Great for those times when you want to keep things traditional and smooth for your high-value purchases.
  • Global Compatibility: It works everywhere because people all around the world use bank transfers. It’s like speaking a language everyone understands. So, if you want your customers from any corner of the globe to pay easily, this method is like a universal key that fits any lock!
Cons of Direct Bank Transfer Payment
  • Delayed Processing: It may take a bit longer to finish the payment process compared to quick payment methods. This could mean waiting a bit before your orders get processed and shipped. It’s like having to wait longer for things to get moving.
  • Risk for Customers: Customers take a bit of a risk with Direct Bank Transfer because they pay before getting their stuff. It’s like buying something online and paying before the delivery, so there’s a small chance you might not get what you expected.
  • Customer Effort: Customers have to take the first step by making the bank transfer themselves, which needs more effort than the easy one-click payment choices. It’s like having to do a bit more work compared to just pressing a button to pay.

Cheque Payment

A “check” or “cheque” is like a special piece of paper that tells a bank to give a certain amount of money from one person’s account to another person or company. It’s a bit like a money note but on paper. Even though checks are kind of old-fashioned, WooCommerce has them as an option for people who like classic things.

Let’s say a customer buys a cool item from your online store and chooses to pay by check. They complete the order and get all excited about their purchase. Instead of paying online, they decide to send you a check in the mail.

Now, you, as the store owner, wait for that check to arrive. Once it does, you take it to the bank, and they give you the money. It’s a bit like snail mail, so it takes longer than other ways of paying.

Even though checks aren’t the fastest, WooCommerce includes them by default. Why? Well, it’s not the best for super busy transactions, but it can be handy when you’re setting up your store. It’s like a test run, and you get to check if everything’s working smoothly with orders and payments before things get really busy.

To set up the Cheque Payment method, navigate to the WooCommerce ➝ Settings ➝ Payments. Look for Cheque Payments and click on the Save Changes button.

WooCommerce: Cheque Payment Methods Settings
WooCommerce: Cheque Payment Methods Settings
Pros & Cons of Cheque Payment

Now, let’s explore the pros and cons of using the Cheque Payment method on your online store. Once you know these, you can figure out if it’s the right fit for your website. Give it a shot and make your online shop super user-friendly!

Pros of Cheque Payment
  • Offline Convenience: Cheques are easy because you can use them to pay without going online. This is great for people who don’t like doing stuff on the internet. It’s like paying for things the old-fashioned way with a piece of paper!
  • No Online Fees: Using cheques doesn’t usually cost extra money, which makes it a good choice for both customers and businesses. It’s a cost-effective option compared to some other ways of paying online.
  • Personalized Transactions: When you write a cheque, it’s like adding a special note to your payment. This lets customers put a personal touch to their transactions, making them more unique and thoughtful.
Cons of Cheque Payment
  • Slow Processing: Paying with a cheque in WooCommerce takes a bit longer because you need to wait for the cheque to be sent by mail and processed. This makes it not the best choice for speedy transactions.
  • Manual Handling: Dealing with physical cheques means doing things by hand, which isn’t as quick and easy as using automatic online payments. Manual handling takes more time and effort, making it less efficient compared to the faster and smoother online options.
  • Limited Convenience: Using cheques is not as easy and quick for both customers and businesses. It takes more time because of waiting for the cheque to arrive and clear, and there are more manual steps involved in handling the payment.

Cash on Delivery(COD)

In Cash on Delivery (COD), customers pay for their order when the delivery person brings the product to their doorstep. Many people in different countries use COD because they worry about fraudulent card transactions.

For small businesses, COD is great because even customers without credit cards can buy things. But, there’s a challenge for store owners. If the customer doesn’t pay when the product arrives, the store owner has to deal with the product coming back.

WooCommerce is smart about this. It lets store owners decide when to use COD. For example, they can choose to use COD only when certain shipping methods are used or when the order amount is more than a set minimum. And if you want even more control, there are extra tools you can get from the WooCommerce marketplace to make sure COD works exactly how you want it to, like only allowing it in certain places or for certain order amounts.

To set up the Cash on Delivery payment method, navigate to WooCommerce ➝ Settings ➝ Payments. Look for Cash on Delivery Payments and click on the Save Changes button.

WooCommerce: Cash on Delivery Payment Methods Settings
WooCommerce: Cash on Delivery Payment Methods Settings

Please check our detailed article on How to Set up WooCommerce Shipping.

Pros & Cons of Cash on Delivery Payment

Now, let’s learn about the pros and cons of using the Cash On Delivery Payment method on your online store. Once you understand these, you can figure out if it’s the right fit for your website. Give it a try and make your online shop super easy for your customers!

Pros of Cash on Delivery Payment
  • Build Trust: Many people like paying in person because it feels safer for them. Cash on Delivery (COD) can be great for building trust, especially if someone is buying from your store for the first time.
  • No Online Risks: Customers pay with cash when the product arrives; they don’t have to think about problems like stealing money or keeping their information safe online. It’s like buying something from a friend and handing over the money when you see them. No stress about online tricks or security issues!
  • Accessibility: Cash on Delivery (COD) is good for people who don’t have credit cards or don’t want to use them on the Internet. It’s like a way of paying where you hand over the money when you get your stuff, and that can be a relief for some people who aren’t into online payments.
Cons of Cash on Delivery Payment
  • Risk of Non-Payment: Sometimes, people might decide they don’t want what they ordered, or they’re not around when the delivery person comes. This can be a problem because the delivery person doesn’t get the money, and the business loses out
  • Product Returns: Returning something you paid for when it was delivered (like with Cash on Delivery) can be trickier compared to returning something you paid for online before it arrived (like with prepaid orders).
  • Limited Reach: Sending things far away or to different countries and using Cash on Delivery (COD) might not work well together. COD is better suited for places closer to where it’s easier for delivery folks to collect cash when they drop off the goods.

Online Payment Methods

If you’re selling things on your website and want people to be able to pay online using their credit cards or PayPal, you can do that through your WooCommerce online store. To make this work, you need some plugins for your online store. Think of these as apps that add special features to your store.

For example, people can use their credit cards or PayPal to pay for stuff on your site. To make this work, you need to add a specific plugin to your WooCommerce setup. There are different ones for different payment methods.

Some popular ones are:

  • WooCommerce PayPal Payments
  • WooCommerce Stripe Payment Gateway

PayPal and Stripe are two of the most common ways people pay online. In the next part of this guide, we’ll show these options for your WooCommerce store.


PayPal is a widely used online payment system that many people trust. It’s a popular choice for businesses because it’s easy to use and works well with various online stores. If you have an online shop using WooCommerce, a tool for creating online stores, PayPal is a favorite payment option.

With PayPal, buying and selling things online is really easy. You just need to sign up for a PayPal account on their website. It’s a simple process, and once you have an account, you can make transactions with just a few clicks.

It is great because it easily works with most payment plugins for WordPress, making it simple for your website. It comes with a reliable fraud protection tool that’s active 24/7, ensuring secure transactions. With a quick checkout process, it’s convenient for customers, and it’s available in many countries globally. You get instant access to your funds, and the best part is you don’t necessarily need a separate merchant account. PayPal even has a mobile app for payments on the go, and its customizable API gives you flexibility for your specific needs

To set up the PayPal Payment Method, Follow the below steps.

WooCommerce: Install PayPal Payment Plugin
WooCommerce: Install PayPal Payment Plugin
Pros and Cons of PayPal Payment Method

Now, let’s learn about the pros and cons of using the PayPal Payment method on your online store. Once you understand these, you can figure out if it’s the right fit for your website. Give it a try and make your online shop super easy for your customers.

Pros of PayPal Method
  • Seamless WordPress Integration: Easily link up with various WordPress payment plugins for smooth and hassle-free transactions on your website.
  • 24/7 Fraud Protection: Stay protected at all times with our 24/7 tools that keep a close watch, ensuring your transactions are safe from fraud.
  • Global Accessibility: Available in many countries worldwide, ensuring a broad and widespread reach for users globally.
Cons of PayPal Method
  • Limited Availability: PayPal is not available in all countries, and some customers may not have a PayPal account or prefer some other payment method.
  • Limited Seller Protection: Buyer protection helps buyers more than seller protection helps sellers. It’s like having a stronger shield for buyers and a smaller one for sellers.
  • Dependency on the Internet: This system needs the Internet to handle transactions. It’s like needing Wi-Fi to send or receive money, just as your phone needs a signal to make calls. Without the Internet, these transactions wouldn’t work, similar to how you can’t browse the web without a connection.

Stripe Payment Method

Stripe is a popular way to let people pay with credit cards on your online store made with WooCommerce. It’s built into WooCommerce, making it easy to use without much hassle.

With Stripe, your customers can pay using major credit cards, Apple Pay, and GPay. It’s available in 46 countries and accepts payments in over 135+ currencies. The best part is that there are no setup or yearly fees.

To use Stripe, you need an SSL certificate to keep the information shared between your website and the bank secure. This is important to protect sensitive data.

One cool thing about Stripe is that it works seamlessly on your website, so your customers don’t get redirected to an external payment page. This helps create a smooth buying experience and reduces the chances of people leaving your site without completing a purchase.

To set up the PayPal Payment Method, Follow the below steps.

WooCommerce: Install Stripe Payment Gateway Plugin
WooCommerce: Install Stripe Payment Gateway Plugin
Pros & Cons Of Stripe Payment Method

Now, let’s discuss the pros and cons of using the Stripe Payment method on your online store. Once you understand these, you can figure out if it’s the right fit for your website. Give it a try and make your online shop super easy for your customers.

Pros of Stripe Payment Method
  • Subscription Management: Simplify the process of handling recurring service sign-ups and ensure smooth management. With an easy-to-use system, you can efficiently keep track of customer subscriptions, making it a breeze to organize and maintain the services they’ve opted for.
  • Customer Information Access: Quickly and easily get the details about your customers without any hassle. Accessing customer information is a breeze, allowing you to retrieve the data you need effortlessly.
  • Seamless WooCommerce Integration: Make the process easy and well-coordinated, ensuring that your connection with WooCommerce is effortless. This integration should flow smoothly, without any bumps or disruptions, creating a cohesive and user-friendly experience.
Cons of Stripe Payment Method
  • Availability Constraints: You can only use it in a few specific countries. This means that if you’re in one of those countries, you’re good to go, but if you’re elsewhere, you might not be able to access or use this service.
  • Not as Popular as PayPal: Even though many people like using it, this service isn’t the most preferred choice. PayPal is the number one choice for users, making this service come in second place.
  • Risk of Account Holds: Stripe may put a hold on your account if they suspect any unusual activity. While this is a security measure, it can be inconvenient for businesses, causing delays in accessing funds.

Troubleshooting Common Payment Issues in WooCommerce

In the dynamic world of e-commerce, ensuring a smooth payment process is important for customer satisfaction. However, challenges can arise, leading to failed transactions, payment gateway errors, and security concerns. In this section, we’ll explore these common payment issues and discuss practical solutions.

Failed Transactions

Failed transactions can be a frustrating experience for both customers and merchants. They can occur for various reasons, such as insufficient funds, technical glitches, or errors in the payment information provided by the customer.

To address failed transactions, merchants should encourage customers to double-check their payment details, including credit card numbers, expiration dates, and CVV codes. Providing clear instructions during the checkout process can help minimize input errors.

Additionally, merchants can implement real time error messages to notify customers of issues promptly. This proactive approach allows customers to rectify errors on the spot, reducing transaction failures.

Payment Gateway Error

Errors with the payment gateway can mess up transactions and stop people from finishing their purchases. These issues might happen because of problems with the payment gateway provider, troubles with how things are connected, or temporary server glitches.

To fix these errors, sellers should first see if there are any updates or messages from their payment gateway provider. Providers often tell users about problems with their service or if they’re doing maintenance that could affect transactions.

It’s crucial to keep the WooCommerce plugin and payment gateway integration updated. If they’re not, it could cause problems. Old versions might not work well together and lead to errors. Sellers should also regularly try out transactions to catch and fix any connection issues quickly.

Security Concerns

Security is super important when you’re buying things online. If customers feel unsure about how safe their information is, they might not finish their purchases. So, sellers need to make sure their online shops are really safe to build trust with customers.

To make things secure, sellers should keep their WooCommerce store updated. This means regularly fixing and improving things by updating plugins, themes, and the main part of the website called WordPress. This helps to make sure there are no weak points that bad actors could use to get into the system.

Another must-do is to use SSL certificates. It’s like a lock for the information that travels between the customer’s computer and the online store. This lock keeps things like credit card details safe from anyone who shouldn’t see them. So, it’s something every online store should have to protect their customers’ information.

Find the Best Payment Method For Your WooCommerce Store

Popular payment methods in WooCommerce are like the starting features for your online store. They make it easy for your customers to pay, whether it’s through direct bank transfers, cheques, or using cash on delivery. Each method has its perks, so you can choose what works best for your shop and your customers. Remember, it’s all about making your online store a comfortable and secure place for people to buy what they love!

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